Price for Mollusc Preparations; Oysters, Prepared or Preserved in the Philippines - 2023
Contents:
- Price for Mollusc Preparations; Oysters, Prepared or Preserved in the Philippines (CIF) - 2022
- Imports of Mollusc Preparations; Oysters, Prepared or Preserved in the Philippines
Price for Mollusc Preparations; Oysters, Prepared or Preserved in the Philippines (CIF) - 2022
In 2022, the average import price for mollusc preparations; oysters, prepared or preserveds amounted to $4,919 per ton, reducing by -9.1% against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 17% against the previous year. The import price peaked at $7,694 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($9,653 per ton), while the price for Japan ($1,884 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.4%), while the prices for the other major suppliers experienced a decline.
Imports of Mollusc Preparations; Oysters, Prepared or Preserved in the Philippines
In 2022, imports of mollusc preparations; oysters, prepared or preserveds into the Philippines skyrocketed to 5.3 tons, with an increase of 1,051% against 2021 figures. Overall, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of mollusc preparations; oysters, prepared or preserveds skyrocketed to $26K in 2022. In general, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Mollusc Preparations; Oysters, Prepared or Preserved in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1.7 | 1.9 | 0.7 | 13.6 | 100.0% |
| China | 2.3 | 7.1 | 1.4 | 8.5 | 54.6% |
| Japan | 5.7 | 2.6 | 0.3 | 3.2 | -17.5% |
| Others | 0.2 | 1.3 | 0.1 | 0.5 | 35.7% |
| Total | 9.9 | 12.9 | 2.5 | 25.9 | 37.8% |
Top Suppliers of Mollusc Preparations; Oysters, Prepared or Preserved to the Philippines in 2022:
- Australia (2.6 tons)
- Japan (1.7 tons)
- China (0.9 tons)
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